2025 IRA, 401(k), and Other Contribution Limits

Here is a quick summary of the various plan types and contribution limits:

401K

·        $23,500 if under age 50.

·        $31,000 if age 50 or over

 IRA

·        $7,000 if under age 50

·        $8,000 if age 50 or over

 Roth IRA

·        $7.000 if under age 50

·        $8,000 if age 50 or over

 Simple IRA

·        $16,500 if under age 50

·        $20,000 if age 50 or over

Health Savings Account (can roll over from one year to the next)

·        $4,300 (self only)

·        $8,550 (family)

 Flexible Spending Account (use it or lose it)

·        $3,300

Retirement Topics - Contributions: https://www.irs.gov/newsroom/401k-limit-increases-to-23500-for-2025-ira-limit-remains-7000

Disclaimer: The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Jeffrey Kurtz CPA LLC to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact Jeffrey Kurtz CPA LLC prior to taking any action based upon this information. Jeffrey Kurtz CPA LLC assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.